South Korea’s shipbuilder, Hyundai Heavy Industries has won a Gazprom Flot tender to build a floating LNG terminal in Kaliningrad, Russia.
As Interfax reported, HHI outbid its compatriots Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries in the tender, with a bid of USD 295 million.
“The possibility of delivering LNG by sea will substantially increase the energy security of the Kaliningrad Region, taking into account its peculiar geographic location,” Gazprom said.
The company intends to build an LNG regasification terminal on the Baltic coast, which will be linked with the existing gas pipeline near the Kaliningradskoye underground gas storage facility, thus making it possible to supply gas to consumers in the Region and to feed it into the underground storage.
According to the company’s website it is planned that already in late 2017 the terminal will be able to receive first LNG but it will be subsequently replaced by the Baltic LNG project.
LNG World News Staff; Image: HHI